Richard W Traweek

Richard W. Traweek, a Los Angeles real estate syndicator, was surfing along the very crest of success. He was still under 40 years old and had already raised more than $120 million from investors in 38 real estate limited partnerships. He had reaped millions of dollars from the multiple fees that characterize such enterprises. He was a major political player as well, donating big money and hosting fund-raisers for prominent politicians of both parties, state and national.

Richard W. Traweek, a Los Angeles real estate syndicator, was surfing along the very crest of success. He was still under 40 years old and had already raised more than $120 million from investors in 38 real estate limited partnerships. He had reaped millions of dollars from the multiple fees that characterize such enterprises. He was a major political player as well, donating big money and hosting fund-raisers for prominent politicians of both parties, state and national.

A group of investors has filed suit in federal court in Santa Ana against a Los Angeles real estate syndicator, accusing him of defrauding them of as much as $100 million. The class-action suit, filed Monday in U.S. District Court on behalf of 6,000 investors, charges that the syndicator, Richard W. Traweek, defrauded them by misleading them about the financial condition of his businesses.

A court-appointed referee has recommended dismissal of Los Angeles developer Richard W. Traweek's $100-million lawsuit accusing San Francisco city officials of conspiring to block his plans for a major condominium project. Traweek claimed in his suit that Mayor Dianne Feinstein and other officials, acting with local developers, had an ordinance passed that limited condominium developments to expressly block Traweek's proposal to convert a 720-unit apartment.